Ford Plans $19.5 Billion in Charges as It Shifts Focus From Full EVs to Hybrids
Ford Motor Co. warned on Monday that it will book approximately $19.5 billion in special charges tied to a broad realignment of its product strategy and a retreat from earlier ambitions for rapid expansion in fully electric vehicles. The one-time items will be concentrated in the fourth quarter of 2024 and will include about $8.5 […]